$6,000,000 Beachfront SFR

 In RECENT TRANSACTIONS

Loan Amount $6,000,000
Transaction Refinance
Collateral 4,403 square foot newly constructed, beachfront SFR on a 2,374 square foot lot
Location Hermosa Beach, California
Purpose of Loan Pay off existing construction loan
Exit Strategy Sale of property
Loan Term 12 months
Rate & Fee 6.90% interest only; 1.0 point Origination Fee
Additional Terms No prepayment penalty. No yield maintenance. Non-recourse.
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